“Building a Talent Pipeline” with Peter Fasolo, CHRO and Micheal Ehret, Head of Global Talent Management at Johnson & Johnson
Apr 2, 2024
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Peter Fasolo, CHRO of Johnson & Johnson, and Michael Ehret, Head of Global Talent Management, discuss the power of J&J's Credo, creating a talent pipeline for leaders, personalizing career journeys, and the impact of Generative AI on HR strategies.
Diverse experiences enhance leadership competence and adaptability for unforeseen challenges.
Leadership development and collaboration between CHROs and talent heads are vital for organizational success.
J&J's Credo guides decision-making, emphasizing servant leadership and a caring company culture.
Deep dives
Importance of Varied Leadership Experiences
Striving to ensure the right leaders are at the top with robust and diverse succession plans involves pivoting leaders with varied experiences in geographies and functions. This approach aims to prepare leaders for new challenges by predicting their ability to perform in different conditions, emphasizing that diverse experiences improve an individual's competence and adaptability for unforeseen situations.
Establishing Deep Bench of Leaders for Organizational Success
The need to build a talent pipeline and address weaknesses in leadership effectiveness is crucial for organizational performance. Leading CHROs prioritize leadership development and training leaders at all levels as the top priority to drive business success. Collaboration between CHROs and heads of talent is essential to nurture leaders and ensure long-term organizational success.
Caring Company Culture and North Star Guiding Principle
Johnson & Johnson's long-standing Credo acts as the company's North Star to guide decision-making and ensure fulfillment of stakeholder responsibilities, prioritizing patients, employees, communities, and shareholders in that order. The company's commitment to servant leadership, ethical decision-making, and continuous improvement underscores the value of a caring company culture that enhances employee engagement, performance, and societal impact.
Empowering Employee Development Through Personalized Learning
J&J's innovative approach, such as the J&J Learn digital marketplace, focuses on personalized employee development by matching skills and aspirations with tailored learning paths. Through mentorship, project opportunities, and visual career journeys, employees are empowered to grow, learn, and contribute to the organization, fostering a culture of continuous learning and skill development tailored to individual needs.
Future of HR: Digital Transformation, Analytics, and Outcome Focus
The future of HR lies in embracing digital transformation, leveraging analytics for data-driven decision-making, and shifting focus towards outcomes rather than processes. By integrating technology, HR professionals can enhance employee experiences, drive organizational productivity, and align HR initiatives with strategic business goals. Prioritizing caring, courage, and alignment with organizational values will shape future HR practices.
